US-Iran MoU & Lebanon ceasefire: After first-round talks in Switzerland, Iran and the US agreed to set up communication lines to keep the Strait of Hormuz open and to end fighting in Lebanon, with mediators Pakistan and Qatar saying a roadmap targets a final deal within 60 days and technical work continuing in Burgenstock. Nuclear inspections dispute: Washington says inspectors could return soon, but Iran denies any plan for IAEA access to bombed nuclear sites and rejects US claims of new commitments, keeping the nuclear track politically explosive. Sanctions relief for oil: The US temporarily lifted parts of Iran’s oil sanctions, authorizing production and sales through August 21, while Iran’s foreign ministry says the US must lift all sanctions under the MoU. Regional diplomacy: Iran’s president Masoud Pezeshkian heads to Pakistan to press full implementation, as Pakistan’s PM Shehbaz Sharif says the next phase will cover nuclear, frozen assets, and ballistic missiles. Israel-Lebanon friction: Israel insists it is not bound by the US-Iran talks and says it will not withdraw from southern Lebanon until Hezbollah is dismantled, while fresh violence threatens the fragile ceasefire. Iraq-Jordan ties: Iraq’s FM Fuad Hussein urged strengthening relations with Jordan and pushing pipeline options for oil exports amid Strait disruptions. Turkey fuel probe: Turkey seized companies and appointed trustees in a fuel-sector tax fraud investigation involving alleged LPG import schemes.